G-III Apparel Group Ltd. (NASDAQ:GIII) shares fell to a low of $31.33 before closing at $32.14. Intraday shares traded counted 0.43 million, which was 12.85% higher than its 30-day average trading volume of 488.16K. GIII’s previous close was $32.50 while the outstanding shares total 48.37M. The firm has a beta of 2.98, a 12-month trailing P/E ratio of 69.57. The stock’s Relative Strength Index (RSI) is 48.17, with weekly volatility at 4.26% and ATR at 1.56. The GIII stock’s 52-week price range has touched low of $9.30 and a $35.21 high. The stock traded lower over the last trading session, losing -1.11% on 06/03/21.
Investors have identified the Apparel Retail company G-III Apparel Group Ltd. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.59 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
G-III Apparel Group Ltd. (GIII) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.34 billion total, with 402.0 million as their total liabilities.
GIII were able to record 58.72 million as free cash flow during the 09/08/2021 quarter of the year, this saw their quarterly net cash flow reduce by 154.56 million. In cash movements, the company had a total of 74.76 million as operating cash flow.
Potential earnings growth for G-III Apparel Group Ltd. (GIII)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 09/08/2021 quarter of the year, G-III Apparel Group Ltd. recorded a total of 526.24 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -43.4% coming in sequential stages and their sales for the 09/08/2021 quarter reducing by -57.07%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 338.65 million trying to sell their products during the last quarter, with the result yielding a gross income of 187.59 million. This allows shareholders to hold on to 48.37M with the recently reported earning now reading 0.31 cents per share. This is a figure that compared to analyst’s prediction for their 09/08/2021 (0.47 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.80 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on GIII sounds very interesting.
Is the stock of GIII attractive?
In related news, Director, BROSIG THOMAS sold 8,188 shares of the company’s stock in a transaction that recorded on Apr 12. The sale was performed at an average price of 31.35, for a total value of 256,694. As the sale deal closes, the Chief Operating Officer, MILLER WAYNE S now sold 65,783 shares of the company’s stock, valued at 2,217,545. In the last 6 months, insiders have changed their ownership in shares of company stock by 10.50%.
2 out of 8 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on G-III Apparel Group Ltd.. 1 analysts has assigned a Sell rating on the GIII stock. The 12-month mean consensus price target for the company’s shares has been set at $33.25.